CryptoQuant Analyst: BTC's mid- to long-term bottoming range may be around $59k, and recent rebounds may not be the core indicator of market stabilization

Mars Finance News, CryptoQuant analyst Axel Adler Jr posted on the X platform stating that, based on the current circulating supply of Bitcoin calibrated to the adjusted price range model, Bitcoin only truly begins a medium- to long-term bottoming process when it drops to the critical $59k range. Bottoming is not a short-term process and will not be completed within one or two weeks; the baseline scenario estimates it will take approximately 6 months. Axel Adler Jr emphasized that although Bitcoin has recently risen, the core factor truly driving market stabilization is not emotional recovery or a partial rebound, but the return of long-term genuine demand, meaning that only when the market begins to reprice future value and spot buying continues to recover can a true bottom be established.